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Analysis on Impact of Covid-19 - Music Streaming Market 2020-2024 | High Growth in Mobile Ad Spending Market to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--May 13, 2020--

Technavio has been monitoring the music streaming market and it is poised to grow by USD 7.47 billion during 2020-2024, progressing at a CAGR of over 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200513005047/en/

Technavio has announced its latest market research report titled Global Music Streaming Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., Comcast Corp., Deezer SA, IHEARTMEDIA, INC., Microsoft Corp., Samsung Electronics Co. Ltd., Sirius XM Holdings Inc., Sony Corp., and Spotify Technology SA are some of the major market participants. The high growth in mobile ad spending market will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

High growth in mobile ad spending market has been instrumental in driving the growth of the market.

Music Streaming Market 2020-2024: Segmentation

Music Streaming Market is segmented as below:

  • End-user
    • Individual Users
    • Commercial Users
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America
  • Type
    • Free
    • Paid

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43324

Music Streaming Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our music streaming market report covers the following areas:

  • Music Streaming Market Size
  • Music Streaming Market Trends
  • Music Streaming Market Industry Analysis

This study identifies the rise of wearable technology as one of the prime reasons driving the music streaming market growth during the next few years.

Music Streaming Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the music streaming market, including some of the vendors such as Alphabet Inc., Apple Inc., Comcast Corp., Deezer SA, IHEARTMEDIA, INC., Microsoft Corp., Samsung Electronics Co. Ltd., Sirius XM Holdings Inc., Sony Corp., and Spotify Technology SA. Backed with competitive intelligence and benchmarking, our research reports on the music streaming market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Music Streaming Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist music streaming market growth during the next five years
  • Estimation of the music streaming market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the music streaming market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of music streaming market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Comparison by End-user
  • Individual users - Market size and forecast 2019-2024
  • Commercial users - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Free - Market size and forecast 2019-2024
  • Paid - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • Apple Inc.
  • Comcast Corp.
  • Deezer SA
  • Microsoft Corp.
  • Samsung Electronics Co. Ltd.
  • Sirius XM Holdings Inc.
  • Sony Corp.
  • Spotify Technology SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200513005047/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/ 

KEYWORD:

INDUSTRY KEYWORD: ONLINE ENTERTAINMENT MUSIC

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 05/13/2020 08:00 AM/DISC: 05/13/2020 08:01 AM

http://www.businesswire.com/news/home/20200513005047/en

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